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Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

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How to Buy a Mobile Home in 8 Steps

The Close

Remember the distinct mortgage and land regulations that apply to mobile homes. Manufactured in a factory and placed on a chassis, mobile homes can be set on owned or rented land, providing flexibility for investors looking for affordable housing solutions. Investors need to consider additional costs like transportation and setup.

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A Comprehensive Guide to Buying a Mobile Home

Redfin

Additionally, it’s essential to consider other costs such as land purchase or rental, foundation installation, utilities, and potential maintenance expenses. How to finance a mobile home Financing a mobile home is somewhat different from a traditional home loan. Land lease fees. Site preparation.

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Fee Simple vs. Leasehold: Two Very Different Types of Ownership

Redfin

It’s a legal term that means the property owner owns the land and any structures on the land, including the home. It gives someone ownership of a home or structure on the property, but someone else owns the land itself. The leaseholder pays the fee simple owner to use the land for a set period. Let’s find out.

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Manufactured housing group encouraged by FHA attention — but concerned about its portrayal

Housing Wire

With Todman’s emphasis on mission-driven entities and nonprofit access to the program, Gooch said its portrayal was needlessly negative toward private owners of land-lease communities, where many MHI-backed manufactured homes are ultimately placed. That’s why I find it interesting.

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Housing Affordability Task Force Report: My Two Cents (Pt2)

Toronto Realty Blog

Requiring municipalities to compensate property owners for loss of property value as a result of heritage designations, based on the principle of best economic use of land. Per the report: “Housing requires more than just the land it is built on. Land leases? Land transfer tax, anyone?

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Opinion: It’s time for bi-partisanship on affordable manufactured housing homeownership

Housing Wire

Personal property loans, which make up most of the manufactured home loans, are loans for manufactured homes sited in manufactured home communities, on other leased land, or on owned land not pledged on the loan. Congress can help.